service at the time of modification is $48,000. Maintenance fees are billed annually by Traders Inc. Required Answer the following questions, rounding each answer to the nearest whole dollar. Assume any payments due were received in cash. a. Record Traders Inc.'s journal entry to recognize revenue for each of the first two years of the contract. service at the time of modification is $48,000. Maintenance fees are billed annually by Traders Inc. Required Answer the following questions, rounding each answer to the nearest whole dollar. Assume any payments due were received in cash. a. Record Traders Inc.'s journal entry to recognize revenue for each of the first two years of the contract